Reserve Bank expects growth to pick up to between 3 and 4.5% by December 2017, but ASX200 down 2% amid sell-off of shares in the big four banks

The Reserve Bank appears likely to keep its powder dry on another interest rate cut, issuing an upbeat assessment of the economy.

While the central bank has reduced its economic growth forecasts for the current financial year by half a percentage point, it expects growth to pick up to between 3% and 4.5% by December 2017.

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Source: The Guardian Circular Economy RSS